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Market Research Report
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1045580

India Electric Vehicle Market Size study, by Product (BEV, PHEV), by Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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India Electric Vehicle Market Size study, by Product (BEV, PHEV), by Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecasts 2021-2027
Published: January 5, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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Description

India Electric Vehicle Market is valued at approximately USD 0.20 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 94.4 % over the forecast period 2021-2027. Electric Vehicle EVs are vehicles that are either partially or fully powered on electric power. Electric vehicles have low running costs as they have less moving parts for maintaining and also very environmentally friendly as they use little or no fossil fuels. Increasing investments by the government in EV infrastructure, growing demand for environmental-friendly vehicles has led to the adoption of India Electric Vehicle across the forecast period. For Instance: as per the IBEF, the penetration in two-wheeler segment is expected to be at 9 per cent by 2024-25 and with the right macroeconomic environment, it can increase up to 16 per cent while the segment could grow to Rs 12,000 crore (US$ 1.70 billion) by 2024-25. Also, with the rising popularity of electric vehicles, the adoption & demand for India Electric Vehicle is likely to increase the market growth during the forecast period. However, lack of charging station impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the India Electric Vehicle market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. India is the leading region across the world in terms of market share owing to the initiatives to reduce carbon emission, rising disposable income, rising population would create lucrative growth prospects for the India Electric Vehicle market across india.

Major market players included in this report are:

Toyota Motor Corporation

Audi AG

BMW AG

Hyundai Motor India.

Jaguar Land Rover Limited

Mahindra & Mahindra Ltd

Mercedes - Benz AG

MG Motor India Pvt. Ltd.

Olectra Greentech Limited

Tata Motors

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within India. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product

BEV

PHEV

By Vehicle Type:

Passenger Cars

Commercial Vehicles

By Region:

India

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the India Electric Vehicle Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. India Electric Vehicle Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. India Electric Vehicle Market, by Product, 2019-2027 (USD Billion)
    • 1.2.3. India Electric Vehicle Market, by Vehicle Type, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. India Electric Vehicle Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. India Electric Vehicle Market Dynamics

  • 3.1. India Electric Vehicle Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing investments by the government in EV infrastructure
      • 3.1.1.2. Growing demand for environmental-friendly vehicles
    • 3.1.2. Market Challenges
      • 3.1.2.1. Lack of charging station
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Rising popularity of electric vehicles

Chapter 4. India Electric Vehicle Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. India Electric Vehicle Market, by Product

  • 6.1. Market Snapshot
  • 6.2. India Electric Vehicle Market by Product, Performance - Potential Analysis
  • 6.3. India Electric Vehicle Market Estimates & Forecasts by Product, 2018-2027 (USD Billion)
  • 6.4. India Electric Vehicle Market, Sub Segment Analysis
    • 6.4.1. BEV
    • 6.4.2. PHEV

Chapter 7. India Electric Vehicle Market, by Vehicle Type

  • 7.1. Market Snapshot
  • 7.2. India Electric Vehicle Market by Vehicle Type, Performance - Potential Analysis
  • 7.3. India Electric Vehicle Market Estimates & Forecasts by Vehicle Type, 2018-2027 (USD Billion)
  • 7.4. India Electric Vehicle Market, Sub Segment Analysis
    • 7.4.1. Passenger Cars
    • 7.4.2. Commercial Vehicles

Chapter 8. India Electric Vehicle Market, Regional Analysis

  • 8.1. India Electric Vehicle Market, Regional Market Snapshot
  • 8.2. North America India Electric Vehicle Market
    • 8.2.1. U.S. India Electric Vehicle Market
      • 8.2.1.1. Product breakdown estimates & forecasts, 2018-2027
      • 8.2.1.2. Vehicle Type breakdown estimates & forecasts, 2018-2027
    • 8.2.2. Canada India Electric Vehicle Market
  • 8.3. Europe India Electric Vehicle Market Snapshot
    • 8.3.1. U.K. India Electric Vehicle Market
    • 8.3.2. Germany India Electric Vehicle Market
    • 8.3.3. France India Electric Vehicle Market
    • 8.3.4. Spain India Electric Vehicle Market
    • 8.3.5. Italy India Electric Vehicle Market
    • 8.3.6. Rest of Europe India Electric Vehicle Market
  • 8.4. Asia-Pacific India Electric Vehicle Market Snapshot
    • 8.4.1. China India Electric Vehicle Market
    • 8.4.2. India India Electric Vehicle Market
    • 8.4.3. Japan India Electric Vehicle Market
    • 8.4.4. Australia India Electric Vehicle Market
    • 8.4.5. South Korea India Electric Vehicle Market
    • 8.4.6. Rest of Asia Pacific India Electric Vehicle Market
  • 8.5. Latin America India Electric Vehicle Market Snapshot
    • 8.5.1. Brazil India Electric Vehicle Market
    • 8.5.2. Mexico India Electric Vehicle Market
  • 8.6. Rest of The World India Electric Vehicle Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. Toyota Motor Corporation
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Audi AG
    • 9.2.3. BMW AG
    • 9.2.4. Hyundai Motor India.
    • 9.2.5. Jaguar Land Rover Limited
    • 9.2.6. Mahindra & Mahindra Ltd
    • 9.2.7. Mercedes - Benz AG
    • 9.2.8. MG Motor India Pvt. Ltd.
    • 9.2.9. Olectra Greentech Limited
    • 9.2.10. Tata Motors

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. India Electric Vehicle market, report scope
  • TABLE 2. India Electric Vehicle market estimates & forecasts by region 2018-2027 (USD Billion)
  • TABLE 3. India Electric Vehicle market estimates & forecasts by Product 2018-2027 (USD Billion)
  • TABLE 4. India Electric Vehicle market estimates & forecasts by Vehicle Type 2018-2027 (USD Billion)
  • TABLE 5. India Electric Vehicle market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 6. India Electric Vehicle market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. India Electric Vehicle market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. India Electric Vehicle market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. India Electric Vehicle market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. India Electric Vehicle market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. India Electric Vehicle market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. India Electric Vehicle market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. India Electric Vehicle market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. India Electric Vehicle market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. India India Electric Vehicle market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. India India Electric Vehicle market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 17. India India Electric Vehicle market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. List of secondary sources, used in the study of India Electric Vehicle market
  • TABLE 19. List of primary sources, used in the study of India Electric Vehicle market
  • TABLE 20. Years considered for the study
  • TABLE 21. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. India Electric Vehicle market, research methodology
  • FIG 2. India Electric Vehicle market, market estimation techniques
  • FIG 3. market size estimates & forecast methods
  • FIG 4. India Electric Vehicle market, key trends 2020
  • FIG 5. India Electric Vehicle market, growth prospects 2021-2027
  • FIG 6. India Electric Vehicle market, porters 5 force model
  • FIG 7. India Electric Vehicle market, pest analysis
  • FIG 8. India Electric Vehicle market, value chain analysis
  • FIG 9. India Electric Vehicle market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. India Electric Vehicle market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. India Electric Vehicle market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. India Electric Vehicle market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global India Electric Vehicle market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. India Electric Vehicle market, regional snapshot 2018 & 2027
  • FIG 15. Global India Electric Vehicle market, company market share analysis (2020)